v3.25.2
DEBT - Components of Debt Interest Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Line of Credit Facility [Line Items]        
Amortization of debt issuance costs     $ 18 $ 16
Net amortization of premium on notes payable     (2) (3)
Interest and credit facility fees $ 188 $ 174 374 333
Cash paid for interest expense     339 288
SMBC Funding Facility        
Line of Credit Facility [Line Items]        
Average outstanding balance 449 346 432 316
BNP Funding Facility        
Line of Credit Facility [Line Items]        
Average outstanding balance 664 537 687 555
Revolving Credit Facility        
Line of Credit Facility [Line Items]        
Average outstanding balance 1,183 1,242 1,151 1,220
Revolving Funding Facility        
Line of Credit Facility [Line Items]        
Average outstanding balance 921 747 954 645
Line of Credit | SMBC Funding Facility        
Line of Credit Facility [Line Items]        
Stated interest expense 7 7 14 12
Credit facility fees 1 1 1 2
Amortization of debt issuance costs 0 0 1 1
Interest and credit facility fees 8 8 16 15
Cash paid for interest expense $ 8 $ 6 $ 15 $ 12
Average stated interest rate 6.32% 7.95% 6.32% 7.66%
Line of Credit | BNP Funding Facility        
Line of Credit Facility [Line Items]        
Stated interest expense $ 11 $ 10 $ 22 $ 23
Credit facility fees 1 0 1 0
Amortization of debt issuance costs 0 0 1 0
Interest and credit facility fees 12 10 24 23
Cash paid for interest expense $ 13 $ 11 $ 25 $ 23
Average stated interest rate 6.20% 7.93% 6.31% 8.03%
Line of Credit | Revolving Credit Facility        
Line of Credit Facility [Line Items]        
Stated interest expense $ 18 $ 23 $ 35 $ 45
Credit facility fees 4 3 7 7
Amortization of debt issuance costs 2 3 4 5
Interest and credit facility fees 24 29 46 57
Cash paid for interest expense $ 22 $ 23 $ 43 $ 61
Average stated interest rate 6.01% 7.34% 6.10% 7.31%
Line of Credit | Revolving Funding Facility        
Line of Credit Facility [Line Items]        
Stated interest expense $ 14 $ 14 $ 30 $ 24
Credit facility fees 2 2 4 4
Amortization of debt issuance costs 2 1 3 2
Interest and credit facility fees 18 17 37 30
Cash paid for interest expense $ 18 $ 13 $ 35 $ 26
Average stated interest rate 6.31% 7.40% 6.32% 7.39%
Secured Debt | April 2036 CLO Notes        
Line of Credit Facility [Line Items]        
Stated interest expense     $ 15 $ 31
Amortization of debt issuance costs     1 1
Interest and credit facility fees     16 32
Cash paid for interest expense     $ 21 $ 29
Average stated interest rate     5.90% 6.04%
Average outstanding balance     $ 1,020 $ 1,020
Convertible Debt | Convertible Unsecured Notes        
Line of Credit Facility [Line Items]        
Stated interest expense   $ 0   3
Interest and credit facility fees   0   3
Cash paid for interest expense   0   9
Senior Notes        
Line of Credit Facility [Line Items]        
Stated interest expense $ 108 103 215 196
Amortization of debt issuance costs 4 4 8 8
Net amortization of premium on notes payable (1) (1) (2) (3)
Interest and credit facility fees 110 106 219 201
Cash paid for interest expense 81 59 192 157
Senior Notes | Interest rate swap | Hedged Item        
Line of Credit Facility [Line Items]        
Net gain on interest rate swaps accounted for as hedge instruments and the related hedged items $ (1) $ 0 $ (2) $ 0